Weak attempt at reform

While state lawmakers and defenders of the status-quo pat themselves on the back for a last-minute, “successful” legislative session, the standard of living for all Kentuckians continues to be in danger. Once again, state lawmakers failed during a legislative session to enact meaningful public pension system reform. Rather than take effective action against a $34…

Op-Ed: Major reforms needed to repair Kentucky’s broken pension system

The following is an op-ed I submitted for publication in the Lexington Herald-Leader. It was printed on Monday April 15, 2012. You can view the letter on the paper’s website here. If Kentucky’s public pension system was a private-sector business, it would have been forced to close its doors many years ago. Unfortunately, the pension…

Private organizations eligible for public pensions?

Kentucky taxpayer money is being wasted Why are private-sector workers receiving public pensions? Imagine a world in which the employees of nonpublic entities are not allowed to be a part of the state’s public pension system. In this world, taxpayers are not footing the retirement package bill for private organizations’ workforce. Wait, you didn’t know…

BIPPS on WVLK’s ‘Kruser and Krew’

Today at 1 p.m., Bluegrass Institute President Jim Waters will be discussing the Bluegrass Institute’s new pension report on WVLK’s ‘Kruser and Krew.’ Be sure totune in and hear proposed free-market solutions that include making Kentucky’s public pension system transparent and eliminating the part-time politicians’ pension system. “Future Shock Solutions: 16 steps to treat Kentucky’s…

Bluegrass Institute offers 16-step path to reforming Kentucky’s public pension system

(Frankfort, Ky.) – A pathway to pension reform released today by the Bluegrass Institute, Kentucky’s free market think tank, highlights critical steps state lawmakers need to take to rescue the state workers’ retirement plans from future insolvency and put it on the road to recovery. “Future Shock Solutions: 16 steps to treat Kentucky’s public pension ailment”…

Local officials ‘not optimistic’ that SB 2 fixes Kentucky’s pension problems

Governing.com reports that Kentucky’s local government leaders “are far less impressed” than Gov. Steve Beshear with Senate Bill 2 (which did so little we can’t, in good conscience, call it “reform”) passed last week by the Kentucky General Assembly. Beshear called it “a good solution.” Good, perhaps, for the next political campaign, but not for Kentucky’s…